Vanguard buy error? No.

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Vanguard buy error? No.

Post by Vanguard User »

I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
Last edited by Vanguard User on Thu May 12, 2022 12:18 pm, edited 4 times in total.
User avatar
JamesSFO
Posts: 3345
Joined: Thu Apr 26, 2012 10:16 pm

Re: Vanguard buy error?

Post by JamesSFO »

What does the transaction/order confirmation say when you are logged in? Have you tried calling them?

Difficult for us to say without knowing a bit more.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

JamesSFO wrote: Tue May 10, 2022 1:16 pm What does the transaction/order confirmation say when you are logged in? Have you tried calling them?

Difficult for us to say without knowing a bit more.
$381.02. Really disappointed. It’s not a big deal as I leave $100 in my checking at all times.
User avatar
JamesSFO
Posts: 3345
Joined: Thu Apr 26, 2012 10:16 pm

Re: Vanguard buy error?

Post by JamesSFO »

Vanguard User wrote: Tue May 10, 2022 1:34 pm
JamesSFO wrote: Tue May 10, 2022 1:16 pm What does the transaction/order confirmation say when you are logged in? Have you tried calling them?

Difficult for us to say without knowing a bit more.
$381.02. Really disappointed. It’s not a big deal as I leave $100 in my checking at all times.
So still a bit difficult to understand what happened here.

1) What do you think you did? Sounds like you thought you were placing a mutual fund order for a fixed dollar amount—but $300.30 is an odd amount to buy...

2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

3) Something else, in which case, calling Vanguard and asking what happened seems like the best course of action...

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

JamesSFO wrote: Tue May 10, 2022 1:52 pm
Vanguard User wrote: Tue May 10, 2022 1:34 pm
JamesSFO wrote: Tue May 10, 2022 1:16 pm What does the transaction/order confirmation say when you are logged in? Have you tried calling them?

Difficult for us to say without knowing a bit more.
$381.02. Really disappointed. It’s not a big deal as I leave $100 in my checking at all times.
So still a bit difficult to understand what happened here.

1) What do you think you did? Sounds like you thought you were placing a mutual fund order for a fixed dollar amount—but $300.30 is an odd amount to buy...

2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

3) Something else, in which case, calling Vanguard and asking what happened seems like the best course of action...

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
Dear John Doe,

The following money movement request was submitted on 05/10/2022 at 12:48 PM, Eastern time:

From: Bank via electronic bank transfer
To: Vanguard Total Stock Market Index Fund Admiral Shares in the amount of $300.30
in account registration ending in XXXX


No further action is required of you at this time. However, if you have questions about your account activity or you didn't request this order and suspect fraud, please contact us.

Manage alerts


30 cents add on because I only keep $100 in my checking account.
sycamore
Posts: 4244
Joined: Tue May 08, 2018 12:06 pm

Re: Vanguard buy error?

Post by sycamore »

Vanguard User wrote: Tue May 10, 2022 1:00 pm I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
This feels like a software developer interview question. I would start by speculating that something went wrong between the chair the user (you) sat in and the computer servers at your bank. That encompasses you, your computer & software, the network, Vanguard's software & servers, and the bank's software and servers. And all the third-party software that might be involved too :) Upon realizing I had not actually narrowed down the problem scope at all, and with no further information available to debug things, I'd look for another job!

More on topic, I would wait until tomorrow and then check both (1) Vanguard transaction confirmation (and/or history) and (2) your checking account transactions. Hopefully things will have sorted themselves out overnight.
User avatar
JamesSFO
Posts: 3345
Joined: Thu Apr 26, 2012 10:16 pm

Re: Vanguard buy error?

Post by JamesSFO »

Yeah that's an odd one then, have you called Vanguard?
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

sycamore wrote: Tue May 10, 2022 3:47 pm
Vanguard User wrote: Tue May 10, 2022 1:00 pm I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
This feels like a software developer interview question. I would start by speculating that something went wrong between the chair the user (you) sat in and the computer servers at your bank. That encompasses you, your computer & software, the network, Vanguard's software & servers, and the bank's software and servers. And all the third-party software that might be involved too :) Upon realizing I had not actually narrowed down the problem scope at all, and with no further information available to debug things, I'd look for another job!

More on topic, I would wait until tomorrow and then check both (1) Vanguard transaction confirmation (and/or history) and (2) your checking account transactions. Hopefully things will have sorted themselves out overnight.
It’s not official yet since it’s pending at my bank.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

JamesSFO wrote: Tue May 10, 2022 3:56 pm Yeah that's an odd one then, have you called Vanguard?
No. It’s too late for that right?
adestefan
Posts: 409
Joined: Fri Jan 06, 2017 8:22 pm

Re: Vanguard buy error?

Post by adestefan »

JamesSFO wrote: Tue May 10, 2022 1:52 pm
2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
This sounds like it was a market order placed after hours and the price bumped up in the overnight. Something like they placed an order for 10 shares with a close price of $30.03 and then the next morning it opened at $38.10
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

adestefan wrote: Tue May 10, 2022 6:01 pm
JamesSFO wrote: Tue May 10, 2022 1:52 pm
2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
This sounds like it was a market order placed after hours and the price bumped up in the overnight. Something like they placed an order for 5 shares with a close price of $60.06 and then the next morning it opened at $76.20
Shares may change but not dollar amount that I placed.
H-Town
Posts: 4398
Joined: Sun Feb 26, 2017 2:08 pm

Re: Vanguard buy error?

Post by H-Town »

Vanguard User wrote: Tue May 10, 2022 1:00 pm I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
Just wait until you receive transaction confirmation from Vanguard.
Time is the ultimate currency.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

H-Town wrote: Tue May 10, 2022 6:13 pm
Vanguard User wrote: Tue May 10, 2022 1:00 pm I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
Just wait until you receive transaction confirmation from Vanguard.
It said $300.30 in email.
runninginvestor
Posts: 1319
Joined: Tue Sep 08, 2020 8:00 pm

Re: Vanguard buy error?

Post by runninginvestor »

I'd wait until everything settles (or moves and shows up). Did $300 get added to your position ? Or the amount your bank is listing?
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

runninginvestor wrote: Tue May 10, 2022 6:16 pm I'd wait until everything settles (or moves and shows up). Did $300 get added to your position ? Or the amount your bank is listing?
Both. Only place it showed $300.30 was eMail confirmation.
H-Town
Posts: 4398
Joined: Sun Feb 26, 2017 2:08 pm

Re: Vanguard buy error?

Post by H-Town »

Vanguard User wrote: Tue May 10, 2022 6:14 pm
H-Town wrote: Tue May 10, 2022 6:13 pm
Vanguard User wrote: Tue May 10, 2022 1:00 pm I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
Just wait until you receive transaction confirmation from Vanguard.
It said $300.30 in email.
Sure. Just wait until you can download the PDF confirmation from Vanguard website. Not worth your worry with a ~$80 difference in pending activity.
Time is the ultimate currency.
Doc7
Posts: 754
Joined: Fri Aug 24, 2007 12:55 pm

Re: Vanguard buy error?

Post by Doc7 »

:arrow:
adestefan wrote: Tue May 10, 2022 6:01 pm
JamesSFO wrote: Tue May 10, 2022 1:52 pm
2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
This sounds like it was a market order placed after hours and the price bumped up in the overnight. Something like they placed an order for 10 shares with a close price of $30.03 and then the next morning it opened at $38.10

Nothing remotely resembling VTSAX has had a 25% overnight increase in the last few days…….
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

H-Town wrote: Tue May 10, 2022 6:43 pm
Vanguard User wrote: Tue May 10, 2022 6:14 pm
H-Town wrote: Tue May 10, 2022 6:13 pm
Vanguard User wrote: Tue May 10, 2022 1:00 pm I just bought $300.30 worth of VTSAX in my taxable account. Email said $300.30 but my checking account has me at $381.02. Why?
Just wait until you receive transaction confirmation from Vanguard.
It said $300.30 in email.
Sure. Just wait until you can download the PDF confirmation from Vanguard website. Not worth your worry with a ~$80 difference in pending activity.
Right.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

Doc7 wrote: Tue May 10, 2022 6:48 pm :arrow:
adestefan wrote: Tue May 10, 2022 6:01 pm
JamesSFO wrote: Tue May 10, 2022 1:52 pm
2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
This sounds like it was a market order placed after hours and the price bumped up in the overnight. Something like they placed an order for 10 shares with a close price of $30.03 and then the next morning it opened at $38.10

Nothing remotely resembling VTSAX has had a 25% overnight increase in the last few days…….
Either way I wanted to buy $300.30 worth.
runninginvestor
Posts: 1319
Joined: Tue Sep 08, 2020 8:00 pm

Re: Vanguard buy error?

Post by runninginvestor »

Vanguard User wrote: Tue May 10, 2022 6:21 pm
runninginvestor wrote: Tue May 10, 2022 6:16 pm I'd wait until everything settles (or moves and shows up). Did $300 get added to your position ? Or the amount your bank is listing?
Both. Only place it showed $300.30 was eMail confirmation.
So $381.02 was actually added to your vtsax position? Or was it just the $300.30?
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

runninginvestor wrote: Tue May 10, 2022 6:57 pm
Vanguard User wrote: Tue May 10, 2022 6:21 pm
runninginvestor wrote: Tue May 10, 2022 6:16 pm I'd wait until everything settles (or moves and shows up). Did $300 get added to your position ? Or the amount your bank is listing?
Both. Only place it showed $300.30 was eMail confirmation.
So $381.02 was actually added to your vtsax position? Or was it just the $300.30?
$381.02.
runninginvestor
Posts: 1319
Joined: Tue Sep 08, 2020 8:00 pm

Re: Vanguard buy error?

Post by runninginvestor »

Vanguard User wrote: Tue May 10, 2022 7:01 pm
runninginvestor wrote: Tue May 10, 2022 6:57 pm
Vanguard User wrote: Tue May 10, 2022 6:21 pm
runninginvestor wrote: Tue May 10, 2022 6:16 pm I'd wait until everything settles (or moves and shows up). Did $300 get added to your position ? Or the amount your bank is listing?
Both. Only place it showed $300.30 was eMail confirmation.
So $381.02 was actually added to your vtsax position? Or was it just the $300.30?
$381.02.
Ah thank you. That's annoying. Def a mistake and I'd let them know. But I'd wager it'd also be very annoying fix trying to interact and get it straightened with customers service.
livesoft
Posts: 80237
Joined: Thu Mar 01, 2007 8:00 pm

Re: Vanguard buy error?

Post by livesoft »

I got a 42% discount on NAV once from Vanguard: viewtopic.php?t=208793

What was the NAV and date for this transaction and how many shares did you get?
Wiki This signature message sponsored by sscritic: Learn to fish.
adestefan
Posts: 409
Joined: Fri Jan 06, 2017 8:22 pm

Re: Vanguard buy error?

Post by adestefan »

Doc7 wrote: Tue May 10, 2022 6:48 pm :arrow:
adestefan wrote: Tue May 10, 2022 6:01 pm
JamesSFO wrote: Tue May 10, 2022 1:52 pm
2) Is it at all possible you were placing a market order for an ETF (E.g. VTI which is the ETF of VTSAX) instead and thought that you would get that price instead of the market price (e.g. you placed an order for a specific number of shares rather than a $ amount)?

I'm guessing 2 (because $300.30 is such a strange amount to buy of a mutual fund)
This sounds like it was a market order placed after hours and the price bumped up in the overnight. Something like they placed an order for 10 shares with a close price of $30.03 and then the next morning it opened at $38.10

Nothing remotely resembling VTSAX has had a 25% overnight increase in the last few days…….
Haha. I completely missed it was VTSAX in original post.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

runninginvestor wrote: Tue May 10, 2022 7:10 pm
Vanguard User wrote: Tue May 10, 2022 7:01 pm
runninginvestor wrote: Tue May 10, 2022 6:57 pm
Vanguard User wrote: Tue May 10, 2022 6:21 pm
runninginvestor wrote: Tue May 10, 2022 6:16 pm I'd wait until everything settles (or moves and shows up). Did $300 get added to your position ? Or the amount your bank is listing?
Both. Only place it showed $300.30 was eMail confirmation.
So $381.02 was actually added to your vtsax position? Or was it just the $300.30?
$381.02.
Ah thank you. That's annoying. Def a mistake and I'd let them know. But I'd wager it'd also be very annoying fix trying to interact and get it straightened with customers service.
Yes.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

livesoft wrote: Tue May 10, 2022 7:12 pm I got a 42% discount on NAV once from Vanguard: viewtopic.php?t=208793

What was the NAV and date for this transaction and how many shares did you get?
I can get a share discount from Vanguard?
crefwatch
Posts: 1479
Joined: Sun Apr 15, 2007 1:07 pm
Location: New Jersey, USA

Re: Vanguard buy error?

Post by crefwatch »

Vanguard issues confirmations for mutual fund transactions. Exactly what does the regulated confirmation say? Your internet checking notice is not a "confirmation." Mutual funds are only priced once a day.
User avatar
JamesSFO
Posts: 3345
Joined: Thu Apr 26, 2012 10:16 pm

Re: Vanguard buy error?

Post by JamesSFO »

Vanguard User wrote: Tue May 10, 2022 5:32 pm
JamesSFO wrote: Tue May 10, 2022 3:56 pm Yeah that's an odd one then, have you called Vanguard?
No. It’s too late for that right?
I mean it's now a new day... if a different amount of money then you expected got withdrawn time to make a call.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

crefwatch wrote: Wed May 11, 2022 5:47 am Vanguard issues confirmations for mutual fund transactions. Exactly what does the regulated confirmation say? Your internet checking notice is not a "confirmation." Mutual funds are only priced once a day.
It posted for $381.02 at my bank but also see a pending of $300.30 at my bank.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

JamesSFO wrote: Wed May 11, 2022 8:15 am
Vanguard User wrote: Tue May 10, 2022 5:32 pm
JamesSFO wrote: Tue May 10, 2022 3:56 pm Yeah that's an odd one then, have you called Vanguard?
No. It’s too late for that right?
I mean it's now a new day... if a different amount of money then you expected got withdrawn time to make a call.
Can they reverse it?
User avatar
JamesSFO
Posts: 3345
Joined: Thu Apr 26, 2012 10:16 pm

Re: Vanguard buy error?

Post by JamesSFO »

Vanguard User wrote: Wed May 11, 2022 2:25 pm
JamesSFO wrote: Wed May 11, 2022 8:15 am
Vanguard User wrote: Tue May 10, 2022 5:32 pm
JamesSFO wrote: Tue May 10, 2022 3:56 pm Yeah that's an odd one then, have you called Vanguard?
No. It’s too late for that right?
I mean it's now a new day... if a different amount of money then you expected got withdrawn time to make a call.
Can they reverse it?
Call them... find out what they see and what they can do...
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF. Next paycheck I will use some of the funds to get to $2k in my EF.
exodusNH
Posts: 3647
Joined: Wed Jan 06, 2021 8:21 pm

Re: Vanguard buy error?

Post by exodusNH »

Vanguard User wrote: Wed May 11, 2022 3:03 pm Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF.
Vio moves funds pretty quickly if you do it before the early afternoon.

As for your EF, what are your monthly expenses?

Also, leaving a float of only $100 in your checking seems unnecessarily dangerous. The amount of interest you're earning on $3000 doesn't seem worth the risk -- one mistake could wipe years of interest. (Not to mention the mental effort it takes to balance on the knife point.)

I target about $5k in my primary checking account, 9 months of mortgage, property taxes, and insurance in HYSA and 3 months in short-term bonds.

The rest of my money is allocated for retirement.

Even at 1% interest, $5k is only going to generate ~$50 a year. One bounced check wipes that out. If that winds up as a late payment, the hit to my credit score would cause even more damage.
H-Town
Posts: 4398
Joined: Sun Feb 26, 2017 2:08 pm

Re: Vanguard buy error?

Post by H-Town »

Vanguard User wrote: Wed May 11, 2022 3:03 pm Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF. Next paycheck I will use some of the funds to get to $2k in my EF.
let's fix the title.
Time is the ultimate currency.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

H-Town wrote: Wed May 11, 2022 3:22 pm
Vanguard User wrote: Wed May 11, 2022 3:03 pm Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF. Next paycheck I will use some of the funds to get to $2k in my EF.
let's fix the title.
To what?
User avatar
Cheez-It Guy
Posts: 2583
Joined: Sun Mar 03, 2019 4:20 pm

Re: Vanguard buy error? Not it was not.

Post by Cheez-It Guy »

Vanguard User buy error.
RubyTuesday
Posts: 1786
Joined: Fri Oct 19, 2012 11:24 am

Re: Vanguard buy error?

Post by RubyTuesday »

Vanguard User wrote: Wed May 11, 2022 3:50 pm
H-Town wrote: Wed May 11, 2022 3:22 pm
Vanguard User wrote: Wed May 11, 2022 3:03 pm Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF. Next paycheck I will use some of the funds to get to $2k in my EF.
let's fix the title.
To what?
Vanguard user memory error
“Doing nothing is better than being busy doing nothing.” – Lao Tzu
User avatar
Cheez-It Guy
Posts: 2583
Joined: Sun Mar 03, 2019 4:20 pm

Re: Vanguard buy error? Not it was not.

Post by Cheez-It Guy »

Another unintentional Vanguard black eye thread.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error? Not it was not.

Post by Vanguard User »

Cheez-It Guy wrote: Wed May 11, 2022 4:22 pm Vanguard User buy error.
I changed it to something different.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error?

Post by Vanguard User »

RubyTuesday wrote: Wed May 11, 2022 4:32 pm
Vanguard User wrote: Wed May 11, 2022 3:50 pm
H-Town wrote: Wed May 11, 2022 3:22 pm
Vanguard User wrote: Wed May 11, 2022 3:03 pm Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF. Next paycheck I will use some of the funds to get to $2k in my EF.
let's fix the title.
To what?
Vanguard user memory error
Looks like it.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error? Not it was not.

Post by Vanguard User »

Cheez-It Guy wrote: Wed May 11, 2022 5:26 pm Another unintentional Vanguard black eye thread.
My mistake. Overall I’ve had good experience.
User avatar
Cheez-It Guy
Posts: 2583
Joined: Sun Mar 03, 2019 4:20 pm

Re: Vanguard buy error? Not it was not.

Post by Cheez-It Guy »

Vanguard User wrote: Wed May 11, 2022 5:27 pm
Cheez-It Guy wrote: Wed May 11, 2022 4:22 pm Vanguard User buy error.
I changed it to something different.
I saw. Thanks! I'm just kidding around with your topical username.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error? Not it was not.

Post by Vanguard User »

Cheez-It Guy wrote: Wed May 11, 2022 5:28 pm
Vanguard User wrote: Wed May 11, 2022 5:27 pm
Cheez-It Guy wrote: Wed May 11, 2022 4:22 pm Vanguard User buy error.
I changed it to something different.
I saw. Thanks! I'm just kidding around with your topical username.
My other accounts are at Fidelity. Only taxable VTSAX at Vanguard.
User avatar
Cheez-It Guy
Posts: 2583
Joined: Sun Mar 03, 2019 4:20 pm

Re: Vanguard buy error? Not it was not.

Post by Cheez-It Guy »

Multiple Brokerage User
H-Town
Posts: 4398
Joined: Sun Feb 26, 2017 2:08 pm

Re: Vanguard buy error? Not it was not.

Post by H-Town »

Vanguard User wrote: Wed May 11, 2022 5:30 pm
Cheez-It Guy wrote: Wed May 11, 2022 5:28 pm
Vanguard User wrote: Wed May 11, 2022 5:27 pm
Cheez-It Guy wrote: Wed May 11, 2022 4:22 pm Vanguard User buy error.
I changed it to something different.
I saw. Thanks! I'm just kidding around with your topical username.
My other accounts are at Fidelity. Only taxable VTSAX at Vanguard.
I applaud your enthusiasm. It may just be $300 today, but it will become $3 million in the future. Keep up that attitude.
Time is the ultimate currency.
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error? Not it was not.

Post by Vanguard User »

Cheez-It Guy wrote: Wed May 11, 2022 5:31 pm Multiple Brokerage User
Is there a way to change it?
Topic Author
Vanguard User
Posts: 882
Joined: Wed May 26, 2021 5:46 pm
Location: Sugar Land, Texas

Re: Vanguard buy error? Not it was not.

Post by Vanguard User »

H-Town wrote: Wed May 11, 2022 5:32 pm
Vanguard User wrote: Wed May 11, 2022 5:30 pm
Cheez-It Guy wrote: Wed May 11, 2022 5:28 pm
Vanguard User wrote: Wed May 11, 2022 5:27 pm
Cheez-It Guy wrote: Wed May 11, 2022 4:22 pm Vanguard User buy error.
I changed it to something different.
I saw. Thanks! I'm just kidding around with your topical username.
My other accounts are at Fidelity. Only taxable VTSAX at Vanguard.
I applaud your enthusiasm. It may just be $300 today, but it will become $3 million in the future. Keep up that attitude.
$300 becoming $3M?
User avatar
Cheez-It Guy
Posts: 2583
Joined: Sun Mar 03, 2019 4:20 pm

Re: Vanguard buy error? Not it was not.

Post by Cheez-It Guy »

Vanguard User wrote: Wed May 11, 2022 5:40 pm
Cheez-It Guy wrote: Wed May 11, 2022 5:31 pm Multiple Brokerage User
Is there a way to change it?
I think board admins can change it for you if you desire. I THINK I remember that being done before?
H-Town
Posts: 4398
Joined: Sun Feb 26, 2017 2:08 pm

Re: Vanguard buy error? Not it was not.

Post by H-Town »

Vanguard User wrote: Wed May 11, 2022 5:41 pm
H-Town wrote: Wed May 11, 2022 5:32 pm
Vanguard User wrote: Wed May 11, 2022 5:30 pm
Cheez-It Guy wrote: Wed May 11, 2022 5:28 pm
Vanguard User wrote: Wed May 11, 2022 5:27 pm

I changed it to something different.
I saw. Thanks! I'm just kidding around with your topical username.
My other accounts are at Fidelity. Only taxable VTSAX at Vanguard.
I applaud your enthusiasm. It may just be $300 today, but it will become $3 million in the future. Keep up that attitude.
$300 becoming $3M?
No it won't. But multiple savings until it hurts might.
Time is the ultimate currency.
User avatar
JamesSFO
Posts: 3345
Joined: Thu Apr 26, 2012 10:16 pm

Re: Vanguard buy error?

Post by JamesSFO »

Vanguard User wrote: Wed May 11, 2022 3:03 pm Discovery: I actually did 2 transactions.

$381.02 last Friday when I got paid. It waited till a business day to buy because it was after hours on Friday. I had forgot about that.

Another one was $300.30 on Monday. I thought I had enough funds in my checking to cover that. I do have overdraft protection through my Wells Fargo credit card so that should not generate any overdraft fees right? I already initiated a transfer of enough funds to my checking from Vio bank so it would have a positive balance. Not sure if the funds are going to be available tomorrow in my checking.

I keep $3k for EF. $1k of that is in iBonds now. I have been told to add more EF. Next paycheck I will use some of the funds to get to $2k in my EF.
Glad you got to the bottom of it at least also glad it wasn’t a terrible impact for you.
Post Reply